Red Emperor Resources (RMP) is an ASX and AIM listed natural resources exploration company
with interests in the frontier state of Puntland, Somalia and the Republic of
Georgia.

* In Puntland, Red Emperor holds a 20% working interest in two licences
encompassing the highly prospective Dharoor and Nugaal valleys. These two
exploration areas cover over 36,000km2. The first well in a two well
programme spudded with drilling also commenced on the second well in
January 2012 targeting 300mmbls and 375mmbbls of best estimate Prospective
Resources (100% basis). Site construction has commenced on the second well
with the setting of the 30 inch surface casing and the drilling of a 50
meter pilot hole in readiness for spudding following the completion of the
first well.

* In the Republic of Georgia, Red Emperor has a 20% working interest in
onshore blocks VIa and VIb, covering approx. 6,500km2. Joint Venture
partner Range Resources Limited (ASX: RRS | AIM: RRL) previously funded a
410km 2D seismic program with independent consultants RPS Energy
identifying 68 potential structures containing an estimated 2.045 billion
barrels of oilinplace (on a mean 100% basis) with the first (Mukhiani-1)
of two exploration wells having spudded in July in 2011. Re-interpreted
seismic supported by the Mukhiani-1 vertical seismic profiling has
identified new fault and stratigraphic trapping potential with the
possibility of a side track well to be drilled post additional seismic in
2H 2012.



As at 8th March 2012, the Company has 206,681,755 ordinary
shares in issue. The Company holds no shares in treasury and each share carries
one vote. This figure may be used by shareholders in the Company as the
denominator for calculations by which they will determine if they are required
to notify their interest in, or a change to their interest, under the
Disclosure and Transparency Rules.

This is in for a large tree shake before oil news, looks like it has started.MMs want shares.

wish I'd sold at 45p.,.

Down 5.7% on the ASX

Half Year Report



http://www.moneyam.com/action/news/showArticle?id=4330207

Issue of Equity



http://www.moneyam.com/action/news/showArticle?id=4330206

Good to see this recover, onwards.

Agreed! I like the look of this one. Let's hope they make it big.

Running on free shares now, sold a batch Wednesday 45.20 . Well happy. Good luck
geri

Incredible..

Good luck mitzy, if you have this stock, otherwise good luck. :-))

There seems to be no shortage of buyers!

Heading for a strong close

Well, I took profits as I now think Range are the better bet with various assets as a back up....this has done well, but I'm a bit nervous as perhaps a pullback in this one is overdue before resuming a climb....long way to go before any results of any kind....only if they hit oil in big quantity probably would a rns be put out....and I don't think that RMP and RRL will follow each other : RMP shot up whilst RRL's sp languished for ages...now it's perhaps going to be the reverse for a bit !.

Very sensible rf, I took profits on Wednesday.

hope its not going to be a duster!

I don't think that we shall know for a month or so....hence jumping in RMP needs some caution...

suggest lock in some profit.

The news suggests not, until news you never know.

RRL looks the better bet for now....don't forget EK is shorting RMP....and RRL looks set for further gains...head and shoulders formation as well on RMP....